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A.M.BestTV: ‘First Monday’: International Association of Insurance Supervisors Urged to Take Time on Insurance Capital Standards Work

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best’s latest episode of “First Monday,” the monthly program featuring commentary by the company's leading analysts, looks at the International Association of Insurance Supervisors’ (IAIS) development of international capital standards (ICS) and the time frame for their adoption. Meg Mulry, senior economist, economic & industry research, discusses A.M. Best’s concerns with the IAIS’ timeline for internationally active insurance groups.

Mulry said A.M. Best is cautious about the comprehensive impact that the ICS could have on the global insurance market. “While we believe that a comprehensive and global view of capital could be beneficial to the industry, we are cautious. The current timeframe is very limited. We're not sure if that will be able to capture the significant changes that we could have in the credit cycles, investment cycles, and underwriting cycles, especially with monetary policy being so divergent among the major banks right now. We'll be watching that very closely.”

Recent episodes of A.M.BestTV include:

Industry Leaders Examine Katrina's Impact on Today's Market: The annual Risk & Insurance Management Society Inc.’s conference in New Orleans, LA, wraps-up with a panel discussion on the lasting impact of Hurricane Katrina 10 years later: http://www.ambest.com/v.asp?v=rims1515. View all wrap-ups and interviews from the event at http://www.ambest.com/rims2015.

Attorneys Brace for a Range of Regulatory Issues: The New York City Bar Association’s annual program on insurance regulation issues looks at the largest regulatory topics that are touching every corner of the industry: http://www.ambest.com/v.asp?v=nycbar2015.

Competition Heats Up in Employee Benefits Sector: A look at how AXA S.A. and other life companies are targeting employee benefits in the U.S. workplace as an opportunity for growth: http://www.ambest.com/v.asp?v=benefits415.

Life Insurers Follow Multiple Paths to Pursue Sales: Examining the continuing flat sales that life insurers are encountering and what new distribution channels they are pursuing to entice consumers: http://www.ambest.com/v.asp?v=life415.